Stock Market set to tank upon opening.

Those socialist European countries have major debt problems & since it is a global market it is our problem too.

Another huge problem not in the headlines is our US National Debt will hit $13 Trillion today!

Gold still shines through.

NYSE has now invoked rule 48 to price fix stocks today to prevent a complete bloodbath at market open today.
 
Massive cuts in social programs for Greece and now the UK....those people can barely survive on their pensions....

Obama sent Giethner and Hillary to China to BEG FOR MORE MONEY!!!!!! Now Obama is trying to get another 300 billion in spending pushed through before his Congress goes on break and it incudes an OFF THE BOOKS WAR SPENDING PACKAGE!!!!!JUST LIKE BUSH!!!!!!!

AND WE HAVEN'T GOT A GODDAM BUDGET FOR FY2011!!!!!!!!
 
Seems to me that I have read several posters here that were predicting that by now the Dow would be somewhere around 6000, rather than the 10,500 that we are seeing.
 
Seems to me that I have read several posters here that were predicting that by now the Dow would be somewhere around 6000, rather than the 10,500 that we are seeing.

It would have been bad had the NYSE not invoked rule 48 to price fix stocks. I never said it was going that low, because I knew the government would not allow it to. Value is the key. The increase in the debt equals the increase in GDP. This means there is no actual growth. It is all numbers & not value. I believe the term is called "Stagflation". This also happened under the previous administration.
 
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10500 still stinks, in the 14000's I believe at the end of clinton's reign....most in the market the last 10 years with their 401k's have not recovered and looking at losses in their retirements still, is what I Understand...
 
i take that back....i did buy reebox stock at my last job....it crashed and i had lost a ton of my investment, but i hung on to the stock....7 years later it had regained its value and adidas came in and bought the reebok corporation....i made about 30k on the stock/buy out.
 
that's what I thought, because blanketly picking Clintons number show's lack of experience.
See there was this thing going on called the internet bublle. Stocks were more overvalued back then vs the housing bubble under bush.
 
The stock market has been going sideways for the last 5 months. The reason is simple - corporations have laid off millions of employees, closed thousands of facilities, and this is creating the illusion that they have "earnings". Even "Helicopter" Ben Bernanke is worried. For the first time in many years, the Chairman of the Federal Reserve went before Congress, set aside his rose-colored glasses and made some hard-hitting statements about the U.S. economy.

http://www.federalreserve.gov/newsevents/testimony/bernanke20100721a.htm
Bernanke on jobs:

"This is the worst labor market since the Great Depression."

Bernanke on housing:

"The market remains weak, with the overhang of vacant or foreclosed houses weighing on home prices and construction."
Bernanke on fears about the future:

"Most ... viewed uncertainty about the outlook for growth and unemployment as greater than normal, and the majority saw the risks to growth as weighted to the downside."

Bernanke on tight credit for small businesses:

"Bank loans outstanding have continued to contract. Small businesses, which depend importantly on bank credit, have been particularly hard hit."

This is coming from a man whose job invariably makes him extremely reluctant to admit to negative trends in any sector at any time — if Bernanke is saying things are bad, you can bet your bottom dollar they're actually far worse. We are experiencing a slow motion train wreck......Be defensive.
 
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